The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 11 of 11
It has been several years since Zazu Metals Corp. has made any significant investments in its Lik zinc-lead-silver project in Northwest Alaska, a situation that is threatening the company’s eligibility to be listed on the Toronto Stock Exchange. According to exchange rules, a company must spend at least C$350,000 on its core projects during the previous year to be eligible to continue listing its shares on the TSX. Zazu, however, has reined in its cash outlay until zinc p...
Endurance Gold Corp. June 15 posted its 2016 exploration plans for the Elephant Mountain gold property located near Eureka in the Rampart-Manley Hot Springs area of Interior Alaska. Three targets are being prioritized for drilling within a 1,800- by 600-meters intrusive-hosted gold target. South Zone, the highest priority drill target, has very few outcrop exposures but has yielded the highest gold values in rock samples from the property. Surface grab rock samples from South...
Northern Empire Resources Corp. June 13 introduced Michael Allen as a new director, president and CEO of the company. A geologist by training, Allen graduated from the University of Alberta in 1998 and started his career exploring for diamonds. While exploring for gold at the Hope Bay project in Nunavut, he worked with Adrian Fleming, a director of Northern Empire, after which he joined De Beers to assist in developing the Snap Lake Mine. Over the past six years, Allen served...
White Rock Minerals Ltd. June 9 reported that it has begun compiling historical geochemical and geophysical surveys in order to define new high-grade zinc -silver exploration targets at the Red Mountain volcanogenic massive sulfide project in the Bonnifield District of central Alaska. The company believes there is significant potential to discover other VMS deposits similar to the Dry Creek and West Tundra Flats deposits that have already been identified on the property....
Redstar Gold Corp. June 8 reported the start of an exploration program focused on delineating new drill targets at the Shumagin prospect of its Unga gold project, located on Unga and Popof Islands just off the Alaska Peninsula. Past trenching and drilling in the Shumagin prospect area has traced high-grade gold-silver veins for more than 1,200 meters along strike and to a depth of 330 meters. The company said multiple dilation zones and coincident gold-silver bearing breccia...
Auryn Resources Inc. June 13 said it has entered into a binding arrangement to acquire Homestake Resource Corp. in an all-share arrangement valued at C$8.9 million. Under the arrangement, Homestake shareholders would receive one Auryn share for each 17 Homestake common shares held. As of June 13, Auryn was trading at C$2.68 per share. The acquisition price represents a 31 percent premium to the volume weighted average price of Homestake shares on the TSX Venture Exchange for...
Stakeholder Gold Corp. June 14 reported that exploration is underway at its Ballarat gold project, located about 16 kilometers (10 miles) northeast of Kaminak Gold's Coffee project in the White Gold District of the Yukon Territory. GroundTruth Exploration Inc. is carrying out the roughly four-week exploration program that will investigate the Ballarat's Northwest and the Eastern zones. Planned work for this phase 1 program includes: a drone-generated high resolution...
Strategic Metals Ltd. June 13 reported the imminent start of an initial phase of its 2016 exploration program aimed at acquiring additional information at some of its most prospective gold projects in the Yukon Territory. "In 2015, Strategic made several promising discoveries during brief property examinations. The phase 1 program is designed to better assess the significance of those discoveries," said Strategic President and CEO Doug Eaton. "Strategic has a stellar pipeline...
Millrock Resources Inc. June 10 reported the purchase of Willoughby, a high-grade gold prospect in the Golden Triangle region of Northwest British Columbia. The 995-hectare (2,460 acres) claim block is located three kilometers (two miles) east of the Red Mountain gold project being developed by IDM Mining Ltd. and eight kilometers (five miles) south of Millrock's Poly and LNT gold-copper properties. High-grade gold and silver intercepts were reported by exploration programs...
Kaminak Gold Corp. June 9 reported the start of a C$2.6 million initial phase of the 2016 exploration program at the Coffee Gold project in the Yukon Territory. The program is designed to test resource expansion potential proximal to the proposed mine site as well as to further investigate priority gold-in-soil anomalies identified during past exploration. Priority targets for phase 1 include: expansion drilling at Supremo T3 and Latte, two mineralized structures that jointly...
In 1831, 26 year-old French lawyer Alexis de Tocqueville visited the United State [sic] of America for about 10 months and returned to his homeland to write the seminal "Democracy in America" wherein he described the experimental democratic republic for the benefit of his European peers. His masterpiece is a fountainhead of observations and concerns and it advances prescience reminiscent of Michel de Nostradame (a/k/a Nostradamus). On the one hand, Tocqueville seemingly...
